Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Rating of "Hold" from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.69.

Several equities research analysts have recently commented on BFH shares. The Goldman Sachs Group raised their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Barclays lifted their price objective on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Compass Point raised their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Morgan Stanley raised shares of Bread Financial from an "underweight" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, Royal Bank of Canada increased their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st.

Institutional Investors Weigh In On Bread Financial

Several institutional investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Bread Financial during the 4th quarter valued at about $104,000. Point72 Asset Management L.P. lifted its holdings in shares of Bread Financial by 550.8% in the 4th quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock worth $28,228,000 after buying an additional 391,272 shares during the period. Norges Bank bought a new position in Bread Financial during the 4th quarter worth about $23,740,000. Franklin Resources Inc. increased its position in Bread Financial by 31.1% during the 4th quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company's stock valued at $73,724,000 after purchasing an additional 286,720 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock valued at $53,353,000 after purchasing an additional 260,283 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

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Bread Financial Price Performance

NYSE BFH traded up $0.35 on Thursday, reaching $53.99. 796,719 shares of the company's stock traded hands, compared to its average volume of 665,072. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $2.65 billion, a PE ratio of 9.73, a P/E/G ratio of 1.25 and a beta of 1.93. The stock has a 50-day simple moving average of $60.90 and a 200 day simple moving average of $56.97. Bread Financial has a 12 month low of $32.10 and a 12 month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, research analysts predict that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's payout ratio is 15.14%.

About Bread Financial

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.